SANTAM LIMITED - Dealings in Securities by a Director

Dealings in Securities by a Director

SANTAM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1918/001680/06
(JSE Share Code: SNT & ISIN: ZAE000093779)
NSX share code: SNM
Debt company code: BISAN
(‘Santam’)


DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with the JSE Limited Listings and Debt Listings Requirements, the following
information is disclosed:

Name of director            :    Tavaziva Madzinga
Category of director        :    Executive Director
Date of transaction         :    26 May 2022
Total number of units       :    26 633
Market Value per share      :    R288.00 (closing price of Santam shares on 26 May 2022)
Total deemed value          :    R7 670 304.00
Price paid at acceptance    :    R0.00
Nature of interest          :    Direct Beneficial
Class of shares             :    Ordinary
Nature of transaction       :    Off market transfer of fully paid up Santam shares in terms of his
                                 employment contract concluded in October 2021 as a sign-on
                                 arrangement to compensate him for remuneration forfeited upon
                                 joining Santam. These shares are subject to certain restrictions.
Period of vesting           :    33% in 12 months, 33% in 24 months and 33% in 36 months
Pre - Approval Obtained     :    Yes


Cape Town
27 May 2022

Sponsor: Investec Bank Limited

Debt Sponsor: Rand Merchant Bank, a division of FirstRand Bank Limited

Date: 27-05-2022 12:00:00
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